Avoiding High Volatility? Here Are 5 Stablecoins You Can Invest In Today

Cryptocurrency trading is, without a doubt, an exciting venture, but we have to admit that it comes with its specific risks.

One of the major risks of investing in cryptocurrency is high volatility. While some investors see the market’s volatility as a lucrative opportunity, many inexperienced traders fear unexpected price fluctuations and turn to stablecoins.

Among the thousands of cryptocurrencies in the market, stablecoins are preferred as more secure investments. Stablecoins are digital assets whose value is pegged to that of another asset. So, if you are looking for stablecoins to invest in, here are several options to help you decide which ones are best for you.

Additionally, you can consult a professional to help you get started. There are many exchanges, brokers, and trading solutions to choose from.

Top 5 Stablecoins You Can Invest In

If you are interested in apps that partner with brokers, you can register or find more information on the official Bitcoin Profit page on the link here.

1. Tether (USDT)

Tether is one of the most popular stablecoins. One of the many reasons for its popularity is the fact it is backed by stable assets, such as gold and USD.

Tether has been through different development stages compared to other cryptos, which makes it a safe and reliable asset to invest in.

Note that Tether is one of the top cryptos by market cap, with all USDT tokens accounting for more than $73 billion.

2. True USD (TUSD)

Next to Tether is True USD, the first regulated stablecoin backed by US dollars. It is one of the most reliable stablecoins that you can invest in.

If you are new to crypto, True USD can be a good addition to your portfolio. It has lower transaction fees and a market cap of $1 billion.

3. Digix Gold (DGX)

Digix Gold is one of the stablecoins that are backed by physical gold. One of the perks of owning DGX is the ability to cash it out into physical gold bars. There are currently 200 million DGX tokens that are available in the market, with ongoing plans to expand.

4. Binance USD (BUSD)

One of the most reputable crypto exchanges, Binance, also has its stablecoin, Binance USD. Binance is already popular amongst investors and traders, so when they released BUSD, many jumped in and even gained out of it.

BUSD can also be used as a payment method worldwide, with all measures taken to ensure users are protected when making transactions.

5. Paxos Standard (USDP)

Paxos Standard, which runs on the Ethereum blockchain, is a regulated stablecoin that is fully backed by the US dollar. Note that Paxos Standard is known now as Pax Dollar, with USDP as its ticker symbol.

Conclusion

In the end, investing in cryptocurrencies has its pros and cons. If you want to minimize the risk associated with the volatility of the market, stablecoins can be the ideal investment. Yet, always research the asset of your choice because any investment can lead to significant financial and social losses.

Additionals:

• How to Stay Away from Cryptocurrency Scams
• A Guide to All Thing’s Cryptocurrency: Business Edition 
• What You Need To Know About How Cryptocurrencies Work
• How To Start Investing On A Budget: Tips, Tricks, And Challenges